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1000 Kronen Second issue

Issuer Oesterreichisch-ungarische Bank
Year 1920
Type Standard circulation banknote
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Reverse description The reverse is printed in a multicolour scheme of deep blue, orange-red, and olive-gold, with no text beyond the denomination. The upper register carries two circular intaglio vignettes, each containing a bust portrait of a young woman with an elaborate floral coiffure, flanking a central panel of dense guilloche rosette work bearing the inscriptions 1000 · TAUSEND · 1000. The lower half is occupied by four large symmetrically arranged ornamental lace-work cartouches in blue and gold, centred on a prominent orange guilloche underprint, with the numeral 1000 repeated in an orange oval at the bottom centre.
Reverse lettering 1000
TAUSEND
1000
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Comments

The Oesterreichisch-ungarische Bank had no business issuing this note in 1920. The Austro-Hungarian Empire had ceased to exist in November 1918, and the bank itself was in the process of being wound down — but the institutional machinery kept turning, and notes continued to be produced to meet the desperate liquidity demands of the successor states scrambling to establish their own currencies. This second 1000 Kronen issue landed in a monetary environment already in free fall, with hyperinflationary pressure building across the former imperial territories.

Several successor states overstamped these notes with their own markings to claim and control the circulating supply within their borders — making unstamped examples a specific category of their own.

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